ZIM Integrated Shipping Services (ZIM) ended the recent trading session at $22.06, demonstrating a -1.82% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.55%. Meanwhile, the Dow experienced a rise of 0.63%, and the technology-dominated Nasdaq saw an increase of 0.91%.
Coming into today, shares of the container shipping company had gained 6.64% in the past month. In that same time, the Transportation sector gained 1.86%, while the S&P 500 gained 0.71%.
Investors will be eagerly watching for the performance of ZIM Integrated Shipping Services in its upcoming earnings disclosure. In that report, analysts expect ZIM Integrated Shipping Services to post earnings of -$1 per share. This would mark a year-over-year decline of 121.46%. Alongside, our most recent consensus estimate is anticipating revenue of $1.41 billion, indicating a 34.92% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.67 per share and revenue of $6.83 billion, which would represent changes of -85.02% and 0%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for ZIM Integrated Shipping Services. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. ZIM Integrated Shipping Services is holding a Zacks Rank of #3 (Hold) right now.
The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 90, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ZIM Integrated Shipping Services Ltd. (ZIM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
